I also agree it usually makes sense to invest in markets with limited land, however, these markets provide no or negative cashflow, have horrible tenancy laws,  and have become so speculative, expensive/unaffordable that I find them to be much more at risk of a severe correction.Now, I also see some potential for things to go bad over the medium/long term in Calgary if Alberta tries to resist the move to sustainable/renewable energy through political stubbornness.

Path of least resistance saves you time and money so you can spend more time making money in investing! 

My market has a number of factors that make it recession-resistent.

Hardwood maintenance will cost more over a longer period but if you are in a class A or B you will attract better tenants that will care for them.Class C tenants- give them vinyl as the planks are almost indestructible and water resistant.

I then used 5/8" drywall, which is thicker, and is necessary for fire resistance in two unit homes.This helped a ton with the noise.

To add another dimension to that, if the home is in an area where it hails or has really strong winds, the shingles can also come with impact resistance. 

Also, it is more resistant to scratches and abraision.

This time, It's so outrageous that I couldn't resist sharing. 

If a lender resists giving you the information you need to vet them (they know exactly what this information is), or they ask for money up front (should never happen for any reason), be on your way.  

Resist that urge.